Located in the heart of Chelsea,this five-story plus duplex,mixed-use building benefits from a tremendous amount of foot traffic on Seventh Avenue. The property comprises retail on the ground floor, community facility use on the second floor and five residential units above. The ground floor currently has a lease ($151/SF) with one year remaining and one five-year option. The second floor is designated as community facility use and the residential units average $79/SF in annual rent. The entire property was recently
renovated,making this an ideal opportunity for an investor to purchase a turn-key asset.

This property is a 6 story building with 12 residential apartments built 6,900 SF with additional FAR of 2,306 square feet. There are 3 rent stabilized and 1 rent controlled apartment creating tremendous upside, along with four units delivered vacant at closing. The building utilizes gas heat.

***UNDER CONTRACT***
Improvements include new stucco to the outside of the building, a new roof, new windows in the lobby, new stairwell, renovated hallways, a Key Fob entry system, and solar panels on the roof. Many apartments have also been renovated with new kitchens, bathrooms, and new floors over the past few years

248 East 49th St is an elevator building which has meticulously redone with new hallways, lobby, apartments and communal roof terrace.These apartments have been renovated top to bottom with new floors, custom kitchens and new bathrooms. The current owner leases these out as short term rentals. All utilities (including WiFi and Cable) are included in the rent.

Vacant building in need of complete gut renovation. No C of O, and has mold, lead, asbestos and pest issues. Will only consider cash offers, as is condition subject to existing violations. Preliminary plans for single family use are available. Must submit proof of funds prior to submission of offer. Serious buyers only.
Contact Stephanie at 917-658-9824 for more information.

5 Story 5,400 Square foot Townhouse in the Lower East Side. There are 10 apartments most have 10.5 ceilings, some have fireplaces. There is a 20 x 24 Garden in the back. All apartments have excellent light as they have wide unobstructed Northwestern views looking onto Jacob Joseph Park and Freedom Tower. Zoning provides for a commercial space on the lower level. FAR allows for approximately 950 additional square feet. At 776 ppsf this is a amazing buy for someone wishing to create a single family home or condo conversion. Great location - Half a block from the Subway, Library, Pre-School, Health Club. This location has seen explosive growth with large Projects such as Essex Crossing and the New Extell development only a few blocks away, live theatre, trendy acclaimed restaurants and bars. This property gives buyers an opportunity to invest in one of the last remaining up an coming areas in Manhattan.

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